{"id":546196,"date":"2023-08-08T13:40:23","date_gmt":"2023-08-08T13:40:23","guid":{"rendered":"https:\/\/ktsl888.com\/?p=546196"},"modified":"2024-06-12T09:25:09","modified_gmt":"2024-06-12T09:25:09","slug":"terra-luna-token-burn-proposal-greenlit-could-1-be-hittable","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/terra-luna-token-burn-proposal-greenlit-could-1-be-hittable\/","title":{"rendered":"Terra Luna Token Burn Proposal Greenlit – Could $1 Be Hittable?"},"content":{"rendered":"

Terra Luna has seen the successful approval of community proposals 11658 and 11660, authorizing the retrieval and subsequent incineration of a total of 800 million USTC. The prevailing sentiment within the community leans towards directing these USTC tokens towards the burn address as opposed to reintegrating them into the community pool.<\/span><\/p>\n

Conversely, a noteworthy shift has been detected in LUNC’s staking ratio within the past day, where a previous upward trajectory has now given way to a decline. This alteration in the staking ratio commonly signifies reduced assurance among stakers regarding a specific asset.<\/span><\/p>\n

Related Reading: Can Litecoin Bulls Turn The Tide On Recent Declines? A Closer Look<\/a><\/div>\n

Here\u2019s what\u2019s going on within the struggling Terra community:<\/span><\/p>\n

Recent Community Decisions Shape Terra Luna Future<\/strong><\/h2>\n

In a significant turn of events, Proposal 11658 titled “Return of Community funds not used,” <\/span>presented by Vegas<\/span><\/a>, a former member of the ex-Terra Rebels developer group, has achieved approval with an affirmative vote percentage of 70.27%.<\/span><\/p>\n

\n

And it seems that once again.someone is fighting against us… So the 200 milion ustc that RH have “missed” used.. is one of the reasons that I was so vocal to not send all the rest of the funds to the CP. Now seems that is already moviments asking the signers to not do,the 11658\u2026<\/p>\n

\u2014 Vegas (@VegasMorph) August 8, 2023<\/a><\/p><\/blockquote>\n

Vegas has advocated for the reintegration of 800 million USTC on-chain funds back into the Terra Luna Classic community pool. This proposition stems from the observation that the Ozone Protocol project is presently deviating from the proposed development plan.<\/span><\/p>\n

In a parallel development, Proposal 11660, labeled “Burn 100% of Funds Should Prop: 11658 Pass,” has garnered substantial support, amassing a “Yes” vote share of 82.55%. This counter-proposal asserts that a substantial segment of the community is advocating for the incineration of the 800 million tokens. <\/span><\/p>\n

Consequently, even if Proposal 11658 is ratified, the counter-proposal is poised to take precedence due to its higher vote count.<\/span><\/p>\n

<\/p>\n

Total crypto market cap reaches $1.12 trillion today. Chart: TradingView.com<\/a><\/pre>\n
Awaiting the community’s consideration is another proposal, suggesting the <\/span>burning of 80% of the funds<\/span><\/a> while allocating the remaining 20% to the community pool designated for developers. Notably, this proposal has encountered limited favor, with only 46% of the community showing agreement.<\/span><\/p>\n
The aftermath of these recent updates has naturally sparked curiosity regarding their impact on the price dynamics of LUNC. How are these decisions influencing the valuation of the token?<\/span><\/p>\n
Staking Confidence Wanes As LUNC Faces Price Challenges<\/strong><\/h2>\n
Bringing the most recent developments to the forefront, there has been a notable decrease in the percentage of LUNC staked within the past 24 hours. This shift indicates that holders and users are opting to un-stake their holdings, signifying a diminished level of trust and confidence in the token’s performance. <\/span><\/p>\n
The implications of this trend raise questions about the current sentiment surrounding LUNC.<\/span><\/p>\n
Related Reading: PEPE\u2019s Future: Will Prices Of Meme Coins Continue To Drop?<\/a><\/div>\n
A fresh analysis of <\/span>LUNC’s price dynamics<\/span><\/a> reveals that the token’s staking ratio now stands at 14.92%. This percentage signifies the portion of LUNC holdings that have been committed to staking, underscoring the level of engagement and commitment from the community.<\/span><\/p>\n
\"\"<\/p>\n
Source: Coingecko<\/pre>\n
Meanwhile, as observed on <\/span>CoinGecko<\/span><\/a>, LUNC is presently valued at $0.000077. Over the preceding 24 hours, the token’s price has experienced a reduction of 1.3%, while its value has declined by 2.7% over the past seven days. <\/span><\/p>\n
These figures shed light on the challenges LUNC currently faces within the market and the potential impact on investor sentiment.<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from Analytics Insight<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Terra Luna has seen the successful approval of community proposals 11658 and 11660, authorizing the retrieval and subsequent incineration of a total of 800 million USTC. The prevailing sentiment within the community leans towards directing these USTC tokens towards the burn address as opposed to reintegrating them into the community pool. Conversely, a noteworthy shift has been detected in LUNC’s staking ratio within the past day, where a previous upward trajectory has now given way to a decline. This alteration in the staking ratio commonly signifies reduced assurance among stakers regarding a specific asset. Related Reading: Can Litecoin Bulls Turn The Tide On Recent Declines? A Closer Look Here\u2019s what\u2019s going on within the struggling Terra community: Recent Community Decisions Shape Terra Luna Future In a significant turn of events, Proposal 11658 titled “Return of Community funds not used,” presented by Vegas, a former member of the ex-Terra Rebels developer group, has achieved approval with an affirmative vote percentage of 70.27%. And it seems that once again.someone is fighting against us… So the 200 milion ustc that RH have “missed” used.. is one of the reasons that I was so vocal to not send all the rest of the funds to the CP. Now seems that is already moviments asking the signers to not do,the 11658\u2026 \u2014 Vegas (@VegasMorph) August 8, 2023 Vegas has advocated for the reintegration of 800 million USTC on-chain funds back into the Terra Luna Classic community pool. This proposition stems from the observation that the Ozone Protocol project is presently deviating from the proposed development plan. In a parallel development, Proposal 11660, labeled “Burn 100% of Funds Should Prop: 11658 Pass,” has garnered substantial support, amassing a “Yes” vote share of 82.55%. This counter-proposal asserts that a substantial segment of the community is advocating for the incineration of the 800 million tokens. Consequently, even if Proposal 11658 is ratified, the counter-proposal is poised to take precedence due to its higher vote count. Total crypto market cap reaches $1.12 trillion today. Chart: TradingView.com Awaiting the community’s consideration is another proposal, suggesting the burning of 80% of the funds while allocating the remaining 20% to the community pool designated for developers. Notably, this proposal has encountered limited favor, with only 46% of the community showing agreement. The aftermath of these recent updates has naturally sparked curiosity regarding their impact on the price dynamics of LUNC. How are these decisions influencing the valuation of the token? Staking Confidence Wanes As LUNC Faces Price Challenges Bringing the most recent developments to the forefront, there has been a notable decrease in the percentage of LUNC staked within the past 24 hours. This shift indicates that holders and users are opting to un-stake their holdings, signifying a diminished level of trust and confidence in the token’s performance. The implications of this trend raise questions about the current sentiment surrounding LUNC. Related Reading: PEPE\u2019s Future: Will Prices Of Meme Coins Continue To Drop? A fresh analysis of LUNC’s price dynamics reveals that the token’s staking ratio now stands at 14.92%. This percentage signifies the portion of LUNC holdings that have been committed to staking, underscoring the level of engagement and commitment from the community. Source: Coingecko Meanwhile, as observed on CoinGecko, LUNC is presently valued at $0.000077. Over the preceding 24 hours, the token’s price has experienced a reduction of 1.3%, while its value has declined by 2.7% over the past seven days. These figures shed light on the challenges LUNC currently faces within the market and the potential impact on investor sentiment. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Analytics Insight<\/p>\n","protected":false},"author":557,"featured_media":546210,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,3],"tags":[1144,8686,87315,86792,4735,87704],"class_list":["post-546196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all","category-news","tag-btcusd","tag-ethusd","tag-lunc-burn","tag-lunc-price","tag-price-action","tag-terra-luna-classic"],"acf":[],"yoast_head":"\nTerra Luna Token Burn Proposal Greenlit: Could $1 Be Hittable?<\/title>\n<meta name=\"description\" content=\"Terra Luna has seen the successful approval of community proposals 11658 and 11660, authorizing the retrieval and subsequent incineration of a total of\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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Encila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","caption":"Christian Encila"},"description":"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Terra Luna Token Burn Proposal Greenlit – Could $1 Be Hittable?","url":"http:\/\/ktsl888.com\/news\/terra-luna-token-burn-proposal-greenlit-could-1-be-hittable\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/terra-luna-token-burn-proposal-greenlit-could-1-be-hittable\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/a-14.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/a-14.jpg?fit=900%2C500"},"articleSection":"All","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","ethusd","lunc burn","lunc price","price action","terra luna classic"],"dateCreated":"2023-08-08T13:40:23Z","datePublished":"2023-08-08T13:40:23Z","dateModified":"2024-06-12T09:25:09Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Terra Luna Token Burn Proposal Greenlit – Could $1 Be Hittable?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/terra-luna-token-burn-proposal-greenlit-could-1-be-hittable\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/terra-luna-token-burn-proposal-greenlit-could-1-be-hittable\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/a-14.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/a-14.jpg?fit=900%2C500\"},\"articleSection\":\"All\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"ethusd\",\"lunc burn\",\"lunc price\",\"price action\",\"terra luna classic\"],\"dateCreated\":\"2023-08-08T13:40:23Z\",\"datePublished\":\"2023-08-08T13:40:23Z\",\"dateModified\":\"2024-06-12T09:25:09Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/a-14.jpg?fit=900%2C500","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/546196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=546196"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/546196\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/546210"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=546196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=546196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=546196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}